Two-Family Duplex with
For Sale
$585,000
Pending
59 Horton St, Stamford, CT 06902
Two-bedroom units feature separate gas and electric meters for distinct utility service.
Property Size1,625 SF
Days on Market52
Property Features for 59 Horton St
General Information
Standard status
Pending
Size
1,625 SF
Total Parking Spaces
1
Property subtype
Multi Family
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Building Details
Building Size
1,625 SF
Year Built
1928
Listing Agency:
RE/MAX Right Choice
Listed By:
Chris Carozza · License #RES.0768259
(203) 912-6819
Source:
Elliman
Added: Sep 12
Changed: Oct 30
Last Checked: Nov 1 at 6:24AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX Right Choice
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 1928, this duplex contains two residential units, each configured with two bedrooms and one full bathroom. Separate gas and electric meters serve the units individually. The property also includes a walkout basement and a one-car garage, adding storage and functional support space.
The home is positioned near Cove Island Park, beaches, shopping, restaurants, downtown Stamford, Metro-North, and I-95. Transit access is reflected in a transit score of 62, while the walk score is 88 and the bike score is 47. Located at 59 Horton St in Stamford, the property offers a two-unit layout with established neighborhood access and practical existing features.
The home is positioned near Cove Island Park, beaches, shopping, restaurants, downtown Stamford, Metro-North, and I-95. Transit access is reflected in a transit score of 62, while the walk score is 88 and the bike score is 47. Located at 59 Horton St in Stamford, the property offers a two-unit layout with established neighborhood access and practical existing features.
Key Highlights
- Two‑unit duplex at 59 Horton St, Stamford, CT 06902
- Each unit includes 2 bedrooms and 1 full bathroom
- Separate gas and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,269
Cap Rate
5.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,380
$625.4K
Cap Rate 7%
$446,700
$446.7K
Cap Rate 9%
$347,433
$347.4K
Market Conditions
NOI Build-Up for 1,625 SF
Gross rent
$47.8K $29.40/SF
− Vacancy
−$3.1K −$1.91/SF
EGI
$44.7K $27.49/SF
− OpEx
−$13.4K −$8.25/SF
NOI
$31.3K $19.24/SF
Area
Stamford, CT
Vacancy
6.50%
Lease Rate
$29.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,380
Cap Rate 7%
$446,700
Cap Rate 9%
$347,433
Alternative Uses
Best Use
Multifamily LT 5
$446.7K
$390.9K – $521.2K
NOI $31,269 @ 7.0% cap · market cap 5.35%
Second Best
Apartment 5plus
$399.5K
$349.6K – $466.1K
NOI $27,967 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$587.6K
$514.1K – $685.5K
NOI $41,129 @ 7.0% cap · market cap 7.03%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
466
Businesses Nearby
Explore this area
Business Placement
Demographics for 06902, CT
69,192
Population
30,142
Households
2.3
Avg Household Size
36
Median Age
44%
College-Educated
85%
High-School Grad
10.0 sq mi
ZIP Area
6,919
Density / Sq Mi
$92,527
Median Household Income
$48,285
Median Earnings
$2,139
Median Rent
$515,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Two-bedroom units feature separate gas and electric meters for distinct utility service.
Where is this duplex located?
The property is located at 59 Horton St Stamford, CT.
What is the asking price?
The asking price for this property is $585,000.
What are key features of this property?
This property features: Two‑unit duplex at 59 Horton St, Stamford, CT 06902; Each unit includes 2 bedrooms and 1 full bathroom; Separate gas and electric meters for each unit
